A PROSPEROUS SOCIETY.

Wairarapa Daily Times, Volume XV, Issue 4417, 13 May 1893, Page 3

A PROSPEROUS SOCIETY.

Annual Repoit of the'AAP The forty.foiirth anmml report ol tbe. Australian Mutual -Provident Society was issued in Sydney on May 9th. The report is somewhat bulky 1 as it contains an appendix of 1G pages su|iplyingcertain£chedule3nndrd!iriis required every three years ■by the Governments of the various colonies.' On this occasion theso. schedules are prepared in t-ach ci'so in conformity with the legislation of the colony in which the report circulates. : Tho new business of the year 1592 is represcnt?d by 12,585 policies, assuring £8,791,221, and yielding an annual .prominm revenue of £120,013 IDs 6d. The claims by death amount to £■1.29,.170 b.'ing much loss, than, the amount paid for tiiu previous year, The total annual revenue is £1,960,128 5s Id, and tho accumulated funds, which have been increased: during tlio year. by. £79B|Jlllßi lid, now amount to £i.l ,328,-I-18 Bs. lOd, The report, of tli.nAcuiary(Jlrßjc.hardTcece,,F.T.A ; ,,. F.F.a.) gives most complete information respecting tho Society's biisw ness. The policy.liabilities have been valued on the same basis as was employed last year. Special extra reserves', amounting to £158,011 Ba, have been made. Tlio values of the olfe premises havo heeti. written down' by £19,0.30 19.a 2it, and the sum of £01,500 has be mi soi. aside as an additional reserve for possible depreciation (if the. mortgage' securitio 8 Notwithstanding. these precautionary measures, however, the cash surplus available for dmsiqn arming the, members amounts to£so-l,i!Gl 53lid which. will jirovid.c revers'ifin.ary bonuses amounting to about' jCl.l'ijn.C'OU.